Milestone Scientific reported $2 million in revenues for the first quarter of 2009 (end-March 31), a 58% increase over revenues of $1.4 million for the same quarter a year ago.
Instrument sales rose 261% to $792,000 from $219,000, and sales of the STA Single Tooth Anesthesia System jumped 626%, from $85,000 in Q1 2008 to $617,000 in the most recent quarter, the company stated in a press release.
Net loss for the quarter totaled $562,000, down 9% from a net loss of $616,000 in the same quarter a year ago.
"2009 has started off on very solid footing, buoyed by strong market acceptance and accelerating adoption of our STA System by the global dental industry," said Leonard Osser, chairman and interim CEO. "With the recent addition of China National Medicines Corporation (Sinopharm) to our growing worldwide distribution network, we have good reason to be enthusiastic about our anticipated sales performance in the coming quarters."
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